Davidson posted a median commercial property tax rate of 0.6% in fiscal year 2025, ranking third-highest across Mecklenburg County, based on data from BlockShopper.com.
The countywide median also reached 0.6% for fiscal year 2025, putting Davidson even with the overall figure.
Charlotte matched Davidson with a 0.6% median commercial rate that year in Mecklenburg County.
Tax rates among the county’s seven cities spanned from 0.4% in Cornelius up to 0.8% in Pineville.
In the prior year, Davidson’s median commercial property tax rate was 0.8%, ranking it second in Mecklenburg County.
Commercial property tax rates averaged 1.76% in 2024 across 53 major U.S. cities, according to the Lincoln Institute of Land Policy. That same report estimated an annual tax of about $21,060 on a $1 million property, including $200,000 in fixtures. Commercial rates among the cities ranged from less than 1% to as much as 4%.
Many states implement classification systems that can produce higher effective property tax rates for commercial, industrial and apartment properties compared to residential ones. In certain areas, businesses pay rates multiple times those for residential properties. Charleston, for example, has a tax rate about six times higher for businesses.
| Rank | City | Tax Rate % |
|---|---|---|
| 1 | Pineville | 0.8% |
| 2 | Huntersville | 0.7% |
| 3 | Charlotte | 0.6% |
| 3 | Davidson | 0.6% |
| 5 | Mint Hill | 0.5% |
| 5 | Matthews | 0.5% |
| 7 | Cornelius | 0.4% |
| Rank | Address | Tax Rate % |
|---|---|---|
| 1 | 102 S. Main St. | 0.6% |
| 1 | 439 S. Main St. | 0.6% |
Note: Some property addresses may be incomplete or missing due to limitations in county assessor data.
Information for this article comes from BlockShopper.com. Data is available here.